Enterprise Prods Partners L P Stock Price, News & Analysis

Enterprise Products Partners L.P. (NYSE: EPD) will host virtual investor meetings at various conferences in March 2022. Key events include the Morgan Stanley Energy and Power Conference on March 1, followed by events with Barclays on March 2 and 3, the Mizuho Energy Summit on March 15, the Scotia Howard Weil Energy Conference on March 22, and the U.S. Capital Advisors Midstream Corporate Access Day on March 30.

For further details, the latest investor deck is available under the Investors tab on the Enterprise website.

Enterprise Products Partners L.P. (NYSE: EPD) announced the availability of its 2021 tax packages, including schedule K-1's, accessible online. The partnership will begin mailing these packages today, finishing by March 7, 2022. Unitholders can also reach K-1 Tax Package Support at (800) 599-9985 on weekdays from 8 a.m. to 5 p.m. CT. Enterprise Products is a leading provider of midstream energy services, with assets spanning over 50,000 miles of pipelines and significant storage capacity for natural gas, NGLs, crude oil, and petrochemicals.

Enterprise Products Partners L.P. (NYSE: EPD) announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, with the Securities and Exchange Commission. The report is accessible via the company's website. This partnership is recognized as a leading provider of midstream energy services in North America, operating over 50,000 miles of pipelines and significant storage capacities across various energy products. For further details, hard copies of the report can be requested through the company’s investor relations page.

Enterprise Products Partners L.P. (NYSE: EPD) will attend investor meetings at the THRIVE Energy Conference in Houston, Texas, on February 23, 2022. The company is a leading provider of midstream energy services across North America, supporting the oil and gas industry with a wide range of services including natural gas gathering, transportation, and storage. Enterprise boasts over 50,000 miles of pipelines and substantial storage capacity for NGLs, crude oil, and natural gas. The investor presentation is accessible on their website under the Investors tab.

Enterprise Products Partners (NYSE: EPD) has successfully completed its $3.25 billion acquisition of Navitas Midstream Partners, LLC. This strategic move enhances Enterprise's presence in natural gas operations within the Midland Basin of the Permian region. The acquisition includes 1,750 miles of pipelines and processing capacity exceeding 1 billion cubic feet per day, backed by long-term contracts with over 40 producers.

Enterprise Products Partners L.P. (NYSE: EPD) reported a net income of $4.6 billion for 2021, up from $3.8 billion in 2020, with a fully diluted EPS rising to $2.10. Distributable cash flow (DCF) increased to $6.6 billion, covering distributions at 1.7 times. Despite facing non-cash asset impairment charges of $233 million, the company achieved record gross operating margins across three segments. The fourth quarter saw operational records in natural gas transportation and ethylene exports. Noteworthy, Enterprise plans to acquire Navitas Midstream to enhance its natural gas processing capabilities.

Intercontinental Exchange (NYSE: ICE), Magellan Midstream Partners (NYSE: MMP), and Enterprise Products Partners (NYSE: EPD) announced the launch of the Midland WTI American Gulf Coast futures contract, set to commence trading on January 24. This contract allows delivery at both the Magellan East Houston and Enterprise Crude Houston terminals, supported by a combined capacity of over 4 million barrels daily. To enhance trading flexibility, the companies will waive the related pump over fee during the first year, which is a significant step toward establishing the U.S. Gulf Coast as a benchmark for crude oil pricing.

Enterprise Products Partners L.P. (NYSE: EPD) has agreed to acquire Navitas Midstream Partners, LLC for $3.25 billion in cash. This debt-free transaction enhances Enterprise's presence in the Midland Basin, a key area for natural gas services, with assets including 1,750 miles of pipelines and processing capacity exceeding 1 billion cubic feet per day. With existing contracts from over 40 producers, the acquisition is projected to increase distributable cash flow per unit by $0.18 to $0.22 in 2023, boosting returns for investors.

Enterprise Products Partners L.P. (NYSE: EPD) announced a quarterly cash distribution of $0.465 per common unit for Q4 2021, reflecting a 3.3% increase from the prior year. Payments will be made on February 11, 2022 to unitholders on record by the close of business on January 31, 2022. Additionally, the company repurchased $125 million in common units during Q4, totaling $200 million for the year. The firm has consistently increased distributions for twenty-three years and will announce Q4 earnings on February 1, 2022.